Wall Street brokerages predict that Loews Co. (NYSE:L) will post $0.93 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Loews’ earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.84. Loews posted earnings of $0.46 per share in the same quarter last year, which indicates a positive year over year growth rate of 102.2%. The firm is expected to announce its next earnings report on Monday, October 29th.

On average, analysts expect that Loews will report full year earnings of $3.40 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $4.05 per share, with EPS estimates ranging from $3.80 to $4.30. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Loews.

Loews (NYSE:L) last released its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The business had revenue of $3.59 billion during the quarter. Loews had a return on equity of 4.11% and a net margin of 8.15%. During the same period in the previous year, the company posted $0.68 earnings per share.

L has been the subject of a number of analyst reports. Zacks Investment Research lowered Loews from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. ValuEngine downgraded Loews from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Deutsche Bank upped their price objective on Loews from $51.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Citigroup upgraded Loews from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $63.10 to $30.70 in a research note on Monday, May 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $53.68.

NYSE L opened at $50.16 on Friday. The firm has a market capitalization of $15.83 billion, a P/E ratio of 17.54 and a beta of 0.68. Loews has a 12 month low of $45.01 and a 12 month high of $53.59. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 11th. Shareholders of record on Wednesday, August 29th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, August 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.50%. Loews’s dividend payout ratio (DPR) is presently 8.74%.

In other Loews news, VP Marc A. Alpert sold 2,141 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $49.97, for a total value of $106,985.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.30% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Reilly Financial Advisors LLC lifted its holdings in Loews by 402.4% during the 2nd quarter. Reilly Financial Advisors LLC now owns 2,135 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 1,710 shares in the last quarter. Braun Bostich & Associates Inc. lifted its holdings in Loews by 1,286.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 2,176 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 2,019 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Loews by 57.9% during the 2nd quarter. Dupont Capital Management Corp now owns 3,042 shares of the insurance provider’s stock worth $147,000 after purchasing an additional 1,116 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Loews by 385.9% during the 2nd quarter. Federated Investors Inc. PA now owns 3,304 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 2,624 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Loews during the 2nd quarter worth about $176,000. Institutional investors own 63.68% of the company’s stock.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and cell phones.

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Earnings History and Estimates for Loews (NYSE:L)

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